Q: While very disappointed in what we will finally get for our PKI shares, I am thinking that the best option might be to take all SUN shares for my PKI shares and hope that the SUN shares go higher, perhaps closer to $44 over the next 6 months. I don't see anyone getting all cash for their PKI shares. What would you do with your shares? Also, I voted against the takeover and I am wonder when and how I will get the opportunity to indicate my choice of compensation? Thanks for your great service.
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Investment Q&A
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Q: Good morning,
This question relates to the upcoming sale of PKI to Sunoco.
If a person held 1000 shares of PKI and elected to take the cash offer of $44 and was not granted the full cash allotment, and instead received $19.8 per share held and .295 shares of the new Company he would have $19.8k plus 295 shares of the new entity.
Or at least some configuration of shares depending on the choices of other shareholders.
That being said, if one wanted to dispose of these newly issued shares, how does one go about it, and are there any tax ramifications to be aware of when selling American shares?
My cost of PKI shares is approx $38 Can. There may be a small cap gain depending on the value of the SUN shares.
Or should one just bail out before the new shares are issued?
Finally, what is your best guess at the share price of PKI, just prior to the official delisting and the creation of SUN?
This question relates to the upcoming sale of PKI to Sunoco.
If a person held 1000 shares of PKI and elected to take the cash offer of $44 and was not granted the full cash allotment, and instead received $19.8 per share held and .295 shares of the new Company he would have $19.8k plus 295 shares of the new entity.
Or at least some configuration of shares depending on the choices of other shareholders.
That being said, if one wanted to dispose of these newly issued shares, how does one go about it, and are there any tax ramifications to be aware of when selling American shares?
My cost of PKI shares is approx $38 Can. There may be a small cap gain depending on the value of the SUN shares.
Or should one just bail out before the new shares are issued?
Finally, what is your best guess at the share price of PKI, just prior to the official delisting and the creation of SUN?
Q: Does Parkland have any further upside
Q: If I exchange 100% of my Parkland shares for shares in the newly forming Sunoco corp. what sort of capital gains liability would be triggered? Parkland shares were originally purchased for $21 ?
Thanks,
Philip
Thanks,
Philip
Q: When might deal close and what might your guesstimated csh price might be if one wanted to cash out?
Q: Now that Pki.ca has had their annual & special meeting what is your opinion of the result and is it a buy or hold? Thanks
Q: Would appreciate your opinion on the following
Given the trade tensions between Canada and the USA what is the chance that Ottawa might not allow the takeover. And should Ottawa deny the takeover, what happens? I assume PKI shares could fall substantially.
Secondly, the current value of shares and cash, which most likely all PKI shareholders will get, is currently not $44 , but closer to $41.50 a share. Do you concur? And if so would you anticipate any top up to bring the offer closer to the $44 level.?
Based on your analysis, what is the best strategy: should Parkland shareholders continue to hold the shares or sell the shares and move on?
Thanks for your insight.
Given the trade tensions between Canada and the USA what is the chance that Ottawa might not allow the takeover. And should Ottawa deny the takeover, what happens? I assume PKI shares could fall substantially.
Secondly, the current value of shares and cash, which most likely all PKI shareholders will get, is currently not $44 , but closer to $41.50 a share. Do you concur? And if so would you anticipate any top up to bring the offer closer to the $44 level.?
Based on your analysis, what is the best strategy: should Parkland shareholders continue to hold the shares or sell the shares and move on?
Thanks for your insight.
Q: Hi, PKI is trading well below the Sunoco offer. Who would vote Yes to such an offer?
Major shareholders: Simpson Oil 20%, surely not, FMR LLC (Fidelity) 11% ? , Engine Capital 2.5% said NO on Friday.
When will a new offer come? Probably at the last minute, it happens a lot.
Great weekend to you.
Major shareholders: Simpson Oil 20%, surely not, FMR LLC (Fidelity) 11% ? , Engine Capital 2.5% said NO on Friday.
When will a new offer come? Probably at the last minute, it happens a lot.
Great weekend to you.
Q: Hi, in your opinion is it possible to continue to hold bonds of CIX maturing in september 2027 and bonds of PKI maturing in march 2029 in a registered account even if the Companies are taken private ?thank you
Q: Good morning,
On May 5th the company announced that it has agreed to a takeover by Sunoco. The terms of the deal is cash and .295 shares of the new entity Suncorp.
My questions are two fold.
1. Is this new company, the old company renamed, or is this a spin off of the old company?
2. Assuming the deal goes through on June 24, how does the $44.00 price for each Parkland share work out, if the value of Suncorp is lower than the price of SUN at the time of the agreement?
3. That being said, do you expect the share price to rise to the value of the offer made, as the date of the vote nears?
4. Would you sell PKI if it gets to $44 or keep the shares of the new company?
On May 5th the company announced that it has agreed to a takeover by Sunoco. The terms of the deal is cash and .295 shares of the new entity Suncorp.
My questions are two fold.
1. Is this new company, the old company renamed, or is this a spin off of the old company?
2. Assuming the deal goes through on June 24, how does the $44.00 price for each Parkland share work out, if the value of Suncorp is lower than the price of SUN at the time of the agreement?
3. That being said, do you expect the share price to rise to the value of the offer made, as the date of the vote nears?
4. Would you sell PKI if it gets to $44 or keep the shares of the new company?
Q: what do you think of the deal on the table. Are shareholders getting fair value?
Q: Hi,
Sunoco has offered to buy Parkland @ $44 per share or for a mix of cash/shares. PKI closed at $38.25. Is this a good opportunity or is there a lot of deal risk? Little confused by the lack of stock movement. Holding a small position.
Thanks!
Sunoco has offered to buy Parkland @ $44 per share or for a mix of cash/shares. PKI closed at $38.25. Is this a good opportunity or is there a lot of deal risk? Little confused by the lack of stock movement. Holding a small position.
Thanks!
Q: How will Parkland be affected when Simpson takes control of the board?
Q: What are your thoughts on initiating a position on PKI? Is a sale of the company possible in the near future?Thanks. Shyam
Q: Dear 5i team.
Would appreciate your updated views on PKI with the recent news that Simpson is taking steps to field 9 new board members.
What is your educated guess on how this plays out?
I see the chart indicating a bounce opportunity as it's trading back to levels currently that look like triple bottom to my non educated eye.
Appreciate your assesment.
Would appreciate your updated views on PKI with the recent news that Simpson is taking steps to field 9 new board members.
What is your educated guess on how this plays out?
I see the chart indicating a bounce opportunity as it's trading back to levels currently that look like triple bottom to my non educated eye.
Appreciate your assesment.
Q: Wondering what your best guess would be on a takeout price for this one.
Thks
Thks
Q: Hello 5i Team,
I have been contemplating selling my PKI shares and putting the proceeds into CNQ to boost my dividend income in a non-registered account. Two questions: First, do you think this is a good swap based on the fundamentals/growth prospects of each company? Second, given yesterday's news regarding Simpson Oil's legal victory, should I wait to see if the rally in PKI's share price continues? Current market cap of PKI is $6.5B, but apparently PKI turned down an offer to buy the company last summer which would have valued the company at $8B. If another offer comes forward from Simpson following this legal victory, I'm thinking there may be significant more upside in the share price (the 52-week high for PKI is around $48). Your thoughts on selling PKI now vs. waiting?
Much appreciated,
Brian
I have been contemplating selling my PKI shares and putting the proceeds into CNQ to boost my dividend income in a non-registered account. Two questions: First, do you think this is a good swap based on the fundamentals/growth prospects of each company? Second, given yesterday's news regarding Simpson Oil's legal victory, should I wait to see if the rally in PKI's share price continues? Current market cap of PKI is $6.5B, but apparently PKI turned down an offer to buy the company last summer which would have valued the company at $8B. If another offer comes forward from Simpson following this legal victory, I'm thinking there may be significant more upside in the share price (the 52-week high for PKI is around $48). Your thoughts on selling PKI now vs. waiting?
Much appreciated,
Brian
Q: Could you explain today’s press release in layman’s terms,are they headed for a strategic review and does this give them a tailwind,basically your thoughts on this announcement would you buy here for a 1-2 year hold thank you
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Enbridge Inc. (ENB $61.88)
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Canadian Natural Resources Limited (CNQ $42.30)
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Gibson Energy Inc. (GEI $24.82)
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Parkland Corporation (PKI $38.64)
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Hydro One Limited (H $48.00)
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Canadian Natural Resources Limited (CNQ $30.81)
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Enbridge Inc (ENB $45.09)
Q: Hi, could you please rate these companies for a riff account. My goal would be dividend, growth and stability in down market. I have money for one company. (Would buying U.S. be beneficial?)
Fell free to add your favourite stock for my goals.
Thanks
Fell free to add your favourite stock for my goals.
Thanks
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Descartes Systems Group Inc. (The) (DSG $144.18)
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Parkland Corporation (PKI $38.64)
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Open Text Corporation (OTEX $39.07)
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Hammond Manufacturing Company Limited Class A Subordinate Voting Shares (HMM.A $10.45)
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Trisura Group Ltd. (TSU $44.32)
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DRI Healthcare Trust (DHT.UN $13.99)
Q: Hi 5i Team,
I'm looking at some of my losers and pondering either getting rid of the or adding to them.
DHT.UN, HMM, OTXT, TSU
With some room freed up I was thinking of starting positions in PKI and DSG
What are your thoughts on the 4 stocks I'm down on? Would you add to any of them or look to sell for better opportunities? How would you rank them if you were to sell?
What are your thoughts on DSG and PKI? Do you view them as buyable now for 5-10 year holds?
This is in a TFSA which aims to balance growth and income.
Thanks for the Great Service!
Colin
I'm looking at some of my losers and pondering either getting rid of the or adding to them.
DHT.UN, HMM, OTXT, TSU
With some room freed up I was thinking of starting positions in PKI and DSG
What are your thoughts on the 4 stocks I'm down on? Would you add to any of them or look to sell for better opportunities? How would you rank them if you were to sell?
What are your thoughts on DSG and PKI? Do you view them as buyable now for 5-10 year holds?
This is in a TFSA which aims to balance growth and income.
Thanks for the Great Service!
Colin